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Irish homes selling in record time of just two weeks with many buying without even viewing

Many family-sized homes are going sale agreed in a record short time of just two weeks after coming on the market.

The demand for properties has reached a fever pitch across the country given the unprecedented lack of supply as a result of construction being off-limits through much of the pandemic.

According to the Real Estate Alliance house price index, the average three-bed semi is now reaching sale agreed after just five weeks on the market across the country. 

Not having to schedule appointments has led to potential buyers making swift bidding decisions on the back of virtual viewings, speeding up the selling process.

Agents have reported that properties are reaching sale agreed just a fortnight after going on the market in areas such as Dundalk, Co. Louth, and Ashbourne, Co. Meath, where prices have risen by 8% (average price €205,000) and 4.9% (€320,000) respectively in the last 12 weeks. This compares to an average selling time of eight and seven weeks respectively in the two towns a year ago.

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